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2021-07-20

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$90 billion wiped off crypto market as bitcoin drops below $30,000 for first time in nearly a month

2021-07-20

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11:59","market":"other","language":"en","title":"$90 billion wiped off crypto market as bitcoin drops below $30,000 for first time in nearly a month","url":"https://stock-news.laohu8.com/highlight/detail?id=1166035606","media":"CNBC","summary":"Bitcoinfell below $30,000 for the first time since Jun. 22 dragging other digital coins lower.\nAbout","content":"<div>\n<p>Bitcoinfell below $30,000 for the first time since Jun. 22 dragging other digital coins lower.\nAbout $98 billion was wiped off the entire cryptocurrency market in 24 hours as of 12:29 a.m. ET on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/20/bitcoin-btc-falls-below-30000-as-cryptocurrency-market-plunges.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$90 billion wiped off crypto market as bitcoin drops below $30,000 for first time in nearly a month\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 11:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/20/bitcoin-btc-falls-below-30000-as-cryptocurrency-market-plunges.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoinfell below $30,000 for the first time since Jun. 22 dragging other digital coins lower.\nAbout $98 billion was wiped off the entire cryptocurrency market in 24 hours as of 12:29 a.m. ET on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/20/bitcoin-btc-falls-below-30000-as-cryptocurrency-market-plunges.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/07/20/bitcoin-btc-falls-below-30000-as-cryptocurrency-market-plunges.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166035606","content_text":"Bitcoinfell below $30,000 for the first time since Jun. 22 dragging other digital coins lower.\nAbout $98 billion was wiped off the entire cryptocurrency market in 24 hours as of 12:29 a.m. ET on Tuesday, according to CoinMarketCap data.\nBitcoin was down more than 6% while ether fell nearly 9% and XRP tanked almost 10%, according to CoinDesk data.\nThe plunge in bitcoin came after a big sell-off in global stock markets. On Monday, theDow Jones Industrial Average had itsworst day since last October.\n\"There's been a broad sell-off in global markets, risk assets are down across the board,\" Annabelle Huang, partner at cryptocurrency financial services firm Amber Group, said.\nThere are \"concerns of the quality and strength of economic recovery\" and \"broader risk assets turned weaker including high yields,\" Huang said. \"Coupled with recent BTC (bitcoin) weakness, this just sent crypto market down further.\"\nRegulatory scrutiny\nA renewed crackdown in China on cryptocurrency tradingand mining has weighed on the bitcoin price.\nMajor regions responsible forbitcoin mining in China have forced operations to shut down. Bitcoin mining is an energy-intensive process that facilitates bitcoin transactions and creates new coins.\nChina's central bank has also spoken to finance and fintech companiesreminding them not to offer crytpo-related services to customers.\nChina banned local cryptocurrency exchanges in 2017 forcing them to move offshore. That did not stop Chinese traders buying and selling digital coins. But the tough actions this year from Chinese regulators has looked to further tighten restrictions on trading and mining.\nRegulators around the world are also looking more closely at the crypto space.\nBinance, the world's largest cryptocurrency exchange, last month wasbarred by U.K. authoritiesfrom carrying out any regulated activities in the country. Regulators in Japan, Canada and Thailand have also issued warnings about Binance.\n\"In general we're seeing more regulatory focus on crypto and bitcoin,\" said Vijay Ayyar, head of business development at cryptocurrency exchange Luno.\nMore selling ahead?\nBitcoin's fall below $30,000 could be important, according to Ayyar, who said the sell-off could go lower to test the $22,000 to $24,000 level.\nFrom then on, bitcoin could trade in a range.\n\"I would see bitcoin between 20-40K ($20,000 to $40,000) for a while now before any bullishness returns,\" Ayyar said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171420560,"gmtCreate":1626757596050,"gmtModify":1703764641137,"author":{"id":"3582283958422009","authorId":"3582283958422009","name":"chaseme","avatar":"https://static.tigerbbs.com/08d39113a09b01802ee5bf438747f1da","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582283958422009","authorIdStr":"3582283958422009"},"themes":[],"htmlText":"Favourable","listText":"Favourable","text":"Favourable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171420560","repostId":"1139488375","repostType":4,"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":171423541,"gmtCreate":1626757742383,"gmtModify":1703764646881,"author":{"id":"3582283958422009","authorId":"3582283958422009","name":"chaseme","avatar":"https://static.tigerbbs.com/08d39113a09b01802ee5bf438747f1da","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582283958422009","authorIdStr":"3582283958422009"},"themes":[],"htmlText":"Sigh","listText":"Sigh","text":"Sigh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171423541","repostId":"1166035606","repostType":4,"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171420560,"gmtCreate":1626757596050,"gmtModify":1703764641137,"author":{"id":"3582283958422009","authorId":"3582283958422009","name":"chaseme","avatar":"https://static.tigerbbs.com/08d39113a09b01802ee5bf438747f1da","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582283958422009","authorIdStr":"3582283958422009"},"themes":[],"htmlText":"Favourable","listText":"Favourable","text":"Favourable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171420560","repostId":"1139488375","repostType":4,"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}